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Here is how Tron (TRX) has proved its critics wrong

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Tron TRX
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At the time when Tron was created, the cryptocurrency received lots of criticism. Initially, many thought the project would be a failure and won’t last that long. Most crypto enthusiasts also believe that Tron would vanish under impracticable codes.

It doesn’t end there. When Tron unveiled its interest to take responsibility for creating a decentralized Web – which is the primary goal of Tron, it really wasn’t easy for Justin Sun and his team as they were criticized as a blockchain without no product. But were these critics correct?

Tron has answered all its critics

It was discovered that Tron had plagiarized its Whitepaper from Ethereum, people began to label Tron as a failure. Nonetheless, Tron has been very lucky in the crypto sphere.

Its Initial Coin Offering was held in September 2017 and it came at the time when cryptocurrency was beginning to gain fame, thus, offering the crypto sphere more than $500 billion by the end of the year. At that time, Tron – the cryptocurrency initially labeled as a failure, recorded a meteoritic sale of $70 million.

After releasing its press release, Tron increased from $0.04 to $0.3 in just a few weeks. Since then, it has attracted a lot of investors in the crypto market today, and even now, it is still doing a relatively good job (considering the bloodbath that crypto market has been seeing from time to time this year so far).

We do know that it is a normal phenomenon for a digital asset to undergo hefty disapprovals on the part of its community; one can clearly see that with Cardano (ADA) and Ripple (XRP). It was said that Cardano was bought by some people with no future promises of realistic profits (which is wrong). Ripple, on the other hand, received lots of critics on the number of FinTech companies that have really adopted its products.

Even though critics and misinformation have given tough time to Tron, the blockchain firm’s answers have proved to be worthwhile. Talking about some of its most recent successes, the cryptocurrency acquired BitTorrent, and it is also working on new projects such as the Project Atlas.

Tron’s MainNet and its Virtual Machine

Tron’s MainNet was created to gain independence from Ethereum and for developers to get the avenue to develop Dapps (Decentralized Applications) on Tron’s network. The MainNet was launched on May 31s this year. As GlobalCoinReport reported at that time, Tron’s MainNet didn’t bring a surge to its price, which may be because the publicity around it was over.

During that period, it seemed Tron needed to work more to attain investors’ prospects.  Also, Tron’s Virtual Machine was launched recently, but it still hasn’t surge its price (credit goes to the whole crypto market’s dip).

At the moment, Tron’s investors are discarding the misinformation and inadequacies, but looking at its long-term visions.

Tron’s surge and dips

The long-term prospects haven’t evidenced its value yet. At the time of writing, Tron is priced at $0.01752 and ranked No.13 according to CoinMarketCap. Not too long ago, Tron was labeled as one of the ‘most used’ cryptocurrencies on 200+ online stores according to Bitcoin Superstore.

Consequently, the crypto has received lots of attention lately – even though it allegedly erred by plagiarizing its ICO. Not to forget, Tron’s Reddit community has more than 65,000 users currently. With all that in mind, Tron is set to recover soon, all we need do is to wait and see what will occur before the year closes. If the market recovers well, the coin might follow suit efficiently, but it won’t surge alone as it can’t as of now at least.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Daniel Páscoa on Unsplash

Altcoins

TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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Altcoins

Positive Crypto Price Trend Moves VeChain (VET)

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VeChain
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As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

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Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

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